Trying to Figure Out the Best Time to Sell Your Home? Keep These Factors in Mind

When you sell your home, you want to sell it at a time when it will sell as quickly and profitably as possible.

But how, exactly, do you determine when that time is?

A recent article from realtor.com outlined things to consider when determining the best time to sell your home, including:

• Spring isn’t always the best time to sell. Conventional wisdom says that spring is the best time of year to sell your home. But that’s not always the case. Because so many sellers think spring is the ideal selling time, there will be more homes on the market—which means you’ll have to compete with a higher volume of homes than you would if you sold at another time of year. If you’re concerned your home won’t stand up well to competition, consider selling at a slower time of year—like fall or winter.
• Consider the economy. When determining the best time to sell your home, season isn’t the only thing to consider. The economy is just as important. If your local economy is struggling, buyers may also be struggling, which can make it more challenging to sell.
• What condition is your home in? The best time to list your home is when it’s ready to be listed. If you want to fetch top dollar for your home, make sure it’s in good shape—and that you tackle any necessary repairs—before you put it on the market.